The United States began striking the American Eagle gold bullion coin in 1986, to compete with world bullion coins such as the Canadian Maple Leaf and the South African Krugerrand. The face of the coin carries the design created by Augustus Saint-Gaudens for the $20 Gold Double Eagles issued from 1907-1933. The design features Lady Liberty carrying an olive branch and a torch. On the other side, the design of eagles, a national symbol, further enhances the significance of this American coin as a popular gold investment among the many gold options available. With the backing of the US Mint, the American Eagle coin is a popular choice for coin investors the world over.
Selling the American Eagle gold coin is a lot easier than trading gold bars. Bars are in high demand, but the process takes longer and has added costs associated with acquiring the assay certificate, which guarantees the authenticity of the bar. The assaying process for the Eagle is quicker and gold coins are non-reportable, as the government backs each transaction of these coins. For a lot of investors the ease of the buying process is a large part of the reason they choose to buy American Eagle gold bullion coins.
This gold coin is available in four denominations: 1/10, 1/4, 1/2, and 1 troy ounce. It is a 22 karat coin, meaning that it is 91.67% pure gold. This is the standard for all American gold coins. The 1 troy ounce coin is normally tied to the spot price of gold, and the other three denominations are valued accordingly.
Beginners looking to investing in gold coins should seriously consider purchasing American Eagle gold bullion coins as an entry into the market. It carries universal recognition and has the backing of the US government.
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